Topic : light rail

The most controversial of the revenue-generating ideas is expected to be the sale of station naming rights, which is currently forbidden by board policy. The board was firmly against the idea of selling naming rights in 2012.

Meanwhile, the St. Paul Pioneer Press reports that engineers have all but dropped a possible light rail line from plans to connect St. Paul's Union Depot to the Minneapolis-St. Paul International Airport and the Mall of America in Bloomington

The companies are reportedly making progress on one joint venture for their rolling stock operations, which would be controlled by Montreal-based Bombardier, and another for signaling, in which Siemens would have a majority

The credit agreement is the first of its kind in the nation in supporting four separate Sound Transit projects. It is expected to yield regional taxpayers long-term savings of between $200 million and $300 million in reduced borrowing costs.

The project was expected to cost $5.2 billion just a few years ago but is now estimated to cost as much as $10 billion with financing. The city’s latest figures project a $1.384 billion shortfall from now to 2024.